Discover the unique Club Vistara Explorer Credit Card offered by IndusInd Bank. Enjoy attractive discounts, contactless payment, gold membership at Club Vistara and much more.

Experiences are the new currency. According to research conducted by the Deloitte Touche Tohmatsu India, Indians are increasingly spending money to “live in the moment” and indulging in high-end experiences than ever before. This has led to a spike in demand for eating out, trips to exotic locations, and luxury hotel stays.

While these experiences sound expensive, not all of them have to be exorbitant. Millennials today use credit cards to make these exciting experiences more achievable and affordable. Read on to know about one such premium credit card – the IndusInd Bank Club Vistara Explorer Credit Card.

What is the Club Vistara Explorer Credit Card?

The Club Vistara Explorer Credit Card by IndusInd Bank offers a top-tier rewards programme and a bouquet of benefits for a lavish lifestyle. Spending with this card earns you reward points that you can redeem for flight tickets anywhere on Vistara’s network. The table below elucidates the reward points – Club Vistara (CV) Points – you earn based on your spending category:

Apart from its attractive rewards programme, the IndusInd Club Vistara Explorer Credit Cardcomes with the following salient benefits:

How to Apply for the IndusInd Club Vistara Explorer Credit Card?

Follow these simple steps to apply for the Vistara Explorer instant credit card –

1. Click the ‘Apply Now’ tab at the top of the IndusInd Club Vistara Explorer Credit Card page
2. Fill in basic details like your mobile number and PAN card number
3. Verify your address details
4. Select Club Vistara Explorer Credit Card
5. Complete your application with an instant video KYC
6. Expect to receive your card within 2-3 days

Designed to offer an array of privileges befitting your splendid tastes and lifestyle, the IndusInd Club Vistara Explorer credit cardlets you live life king size. So, wait no more, apply for the Club Vistara Explorer credit card today and embark on an exquisite journey of luxury and exploration.

Disclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information.

On May 16, 2023, the Finance Ministry struck down Rule 7 of the Foreign Exchange Management Act (FEMA), bringing forex spending through internationalcredit cardsunder the purview of the Liberalised Remittance Scheme (LRS). The LRS caps outward remittance at $2,50,000 per annum without the approval of the Reserve Bank of India (RBI). Cardholders must also pay a TCS (tax collected at source) of 20% on foreign currency spends.

On May 16 2023, the Ministry of Finance amended the Foreign Exchange Management Act (FEMA) rule, effectively bringing forex spending through international under the purview of the Liberalised Remittance Scheme (LRS). This scheme caps outward remittance at $2,50,000 per annum without the approval of the Reserve Bank of India (RBI). Additionally, forex spending through international credit cards will now attract TCS (tax collected at source) of 20%.

How the New TCS Norms Will Impact Cardholders

1. Cardholders Have to Comply with New Spending Limits

Given foreign currency transactions using international credit cards will now fall under the LRS, cardholders must comply with an annual spending limit of $250k (roughly INR 2 crores). For spending above this limit, the approval of the RBI will be required.

2. Cardholders Must Pay 20% TCS on Forex Payments

The TCS rate on overseas tour packages and funds remitted under LRS (except education and medical expenses) has been hiked to 20% from 5% in the Union Budget 2023-24. This new rate will be applicable starting July 1, 2023.

Cardholders must now pay TCS at 20% on overseas tour packages purchased using an international credit card in a foreign currency. Even purchasing foreign currency from an authorised dealer on an international trip will attract a TCS of 20%. Naturally, this must be factored in while budgeting for your next international trip.

Although, TCS will not be applied on individual payments up to Rs. 7 lakhs per financial year, using their international debit or credit card. 

Who Collects the TCS?

The credit card issuer is responsible for collecting the TCS payment. The issuing bank will also be responsible for depositing this amount with the tax authorities.

This tax amount will be reflected against the cardholder’s PAN, and can be adjusted against their income tax liability for the particular financial year. Cardholders can claim a refund in the Income Tax Return (ITR) if they do not have the tax liability to offset the TCS.

Apply for a Credit Card Online at IndusInd Bank

Now that you understand how the new TCS regime will impact transactions on internationalcredit cards, you can budget for your foreign trips accordingly.

If you’re looking for a banking partner that offers cards to suit your spending, turn to IndusInd Bank.      

We bring you a range of domestic and international credit cards to elevate your lifestyle and support your travel needs. This includes exclusive memberships and discounts on shopping, entertainment, travel, and plenty more.

Moreover, our reward points – earned on every single transaction – do not expire. This means you can use them to enjoy even more savings or you can convert them into cash to repay your monthly dues.

With the right credit card from IndusInd Bank, you can maximize your savings while meeting your financial needs.

Additionally, it is a seamless and 100% paperless experience to get an IndusInd bank credit card by following these steps:

• Visit our website and click ‘Apply Now’
• Start by filling in your personal details
• Choose a suitable credit card offer
• Complete the video KYC and sign the application digitally to get your card.

 You will now receive your card in the next 24-48 hours!

Disclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information.

IndusInd Bank offers a carefully curated bouquet of concierge services to its IndusInd Legend Credit Cardholders. These includepre-trip assistance, hotel and flight booking, bookings for sports and entertainment and special event bookings.Apply online and  get your IndusInd Bank Legend Credit Card instantly.

Easy access to credit and reward points are only the beginning of the rich selection of benefits offered by premium credit cards. For jet-setting cardholders who frequently travel and do not have time, complimentary concierge services are an added convenience. From planning travel to making bookings, concierge services take care of all your travel and entertainment needs in a seamless manner.

High-end cards such as the IndusInd Bank Legend Credit Card offer a gamut of such services to assist with the personal and business needs of cardholders. As a Legend Credit Card customer, you get to enjoy special privileges such as attractive reward points on shopping,  evendouble reward points on weekends,, buy-one-get-one-free offers on movie tickets etc., among others.

Additionally, you get access to a team of highly efficient concierge professionals. Readily available at your beck and call, the concierge team is accessible from any corner of the world to assist you with pre-trip assistance, flight bookings, and gifting among others. IndusInd Bank offers this as a complimentary service to Legend Credit Card holders. All you need to do is make a call for immediate assistance.

Concierge Services with IndusInd Legend Credit Cards

1. Pre-trip Assistance

IndusInd Bank Legend Credit Card users enjoy complimentary pre-trip assistance from a team of adept concierge professionals. This assistance includes end-to-end trip planning, hotel bookings, weather information, sightseeing suggestions, transportation etc. . All a cardholder needs to do is call for assistance to avail of these services.

2. Hotel Reservation

If you are an IndusInd Legend Credit Cardholder, you can request concierge assistance anytime to make national and international hotel reservations.

3. Flight Booking

IndusInd Bank’s premium concierge services help you book flight tickets to any destination in the world.

4. Booking Tickets for Sports and Entertainment

Live sports and entertainment events are special and must not be missed. As a cardholder, you can request professional assistance to book tickets for sports or recreational events at no extra cost.

5. Special Events Booking

IndusInd Bank also helps Legend Credit Card holders with special bookings for events like workshops or seminars.

With IndusInd Bank’s concierge services, you can get all the information you need about events of your choice well ahead of time. Besides, spots can be reserved – if possible – through this service.

6. Gifting

IndusInd Bank Legend Credit Card users can contact the concierge desk any time to arrange gifts or flowers for loved ones. Be it a bottle of Chardonnay or chocolates from the Swiss Alps, the concierge team gets your special gifts delivered to anyone, anywhere in the world.

Apply Online for IndusInd Bank Legend Credit Card

If you aren’t an IndusInd Bank Legend Credit Card holder but wish to enjoy world-class concierge privileges and lavish benefits across travel, shopping, and, accommodation, apply online in a few easy steps:

• Visit the IndusInd Bank website and click ‘Apply Now’
• Input your personal details in the fields provided in the application form.
• Verify your address details
• Opt for IndusInd Legend credit card from the range of hand-pickedcredit card offers.
• Complete video KYC .

The bank will now deliver your card to your doorstep in 2-3 days.

Add an extra dollop of comfort and convenience to your lifestyle with the IndusInd Bank Legend Credit Card.

Disclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information.